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Search Results 0 to 29 of about 30 (some duplicates have been removed)
CBS
Dec 27, 2012 4:00am PST
washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country i
CBS
Dec 6, 2012 4:00am EST
into effect in washington state. >>> and royal ruse. australia's shock jocks pose at the duchess of cambridge to the hospital. >> when can you come down to take her? maybe in the morning or something. if that's okay. . this is the cbs morps news for . this is the cbs morps news for december 6, 2012. captioning funded by cbs >>> good morning, everybody. i'm terrell brown. stunning. that's what they here after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes? >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,0
CBS
Dec 26, 2012 4:00am PST
were canceled nationwide. edward lawrence is in washington. edward, good morning. >> reporter: these were vicious, fast-moving storms that ripped across the south. in addition to the deaths, the work crews in the south are working to restore the power in at least five states because of the tornadoes and the blizzard conditions in the midwest. >> reporter: a christmas day tornado tore three mobile, alabama. >> there it is. >> joe michael love pulled out his cell phone to record the twister while miles away it destroyed a church and homes and his son's high school. >> the van is almost destroyed. the fieldhouse is gone. just all the portable buildings for classrooms are gone. >> reporter: here in houston, texas, the tornado destroyed some buildings and tore down power lines. francis lowe and her husband couldn't get away in time. >> we tried to leave at first but could't because the truck was off the ground, and it wouldn't go. finally, it touched the ground, and we took off. >> reporter: damage from a tornado in pearl river, mississippi, stretched a mile wide. eight people were
CBS
Dec 18, 2012 4:00am EST
so should you. >> reporter:s of people marched against the national rifle association in washington. speaking out for a political action committee, the group says the gun rights group is partly to ballistic missile for tragedies like newtown. but the executive director of gun owners of america thinks principals and teachers should carry guns to prevent tragedies like newtown. >> there are members of congress that would like to see the school zone gun ban done away with. and i think that's encouraging. >> reporter: pro-gun rights senator joe mansion of west virginia called on the gun industry to come together with congress to work on what he called a reasonable approach to curbing gun violence. he said all options should be on the table. cbs news, new york. >>> there is progress to report on fiscal cliff negotiations. two weeks from today, the painful series of spending cuts and tax increases will automatically go into effect if washington can't come up with a budget deal. late monday, though, we learned congressional republicans and the president are narrowing the gap in tmorning to
CBS
Dec 25, 2012 4:00am PST
holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in kabul, sang some carols, then enjoyed a holiday dinner. >>> and coming up on the "morning news," he may be messy funny, jack klugman from "the odd couple "has died. a look back at his remarkable career. [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. >>> firefighters in california battled a raging river yesterday to rescue a homeless man. he was living on an island in the los angeles river and got into trouble after a fast-moving storm tore through the area. rescuers used an inflatable boat to reach the island and tossed ropes to the man which he tied around a tree. the man was taken to the hospital and treated for hy
CBS
Dec 4, 2012 4:00am PST
mcginnis is in washington with the back and forth details. susan, good morning to you. >> reporter: good morning, terrell. gop leaders here on capitol hill sent their plan to the white house in this letter on monday, and now that both initial offers are out there, both sides say it's time to get serious. governors from six states are headed here to washington today to tell president obama their thoughts on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2.2 trillion from the federal deficit over ten years. with $600 billion in health care cuts, $300 billion in cuts to mandatory spending and another $300 billion in cuts to other federal spending. the bigg
CBS
Dec 14, 2012 4:00am PST
nikkei shed a fraction. concerned about washington's fiscal talks pushed wall street stocks lower. the dow finished down 74 points on thursday. the nasdaq lost 21 points. >>> swiss bank ubs is said to be in talks to pay a $1 billion fine to settle allegations of rigging a key interest rate benchmark. ubs is accused of manipulating the libor to boost trading profits. the rate affects trillions of dollars and loans including mortgage rates. barclays paid a $450 million fine to settle similar allegations last june. >>> consumers are spending more, but the results are mixed for retailers. the commerce department said on thursday that retail sales increased 0.3 in the month of november from the month before. the increase is due in part to hurricane rebuilding in the northeast. the report says online shopping surged, but department store sales declined. >>> in new york, raising your arm in the middle of the street and yelling "taxi" may soon be passe. the new way to get a cab, maybe with a smartphone app that's being tested. the passenger would use the app to request a ride. the first c
CBS
Dec 13, 2012 4:00am PST
, including susan mcginnis in washington this morning with the latest. susan, good morning to you. >> hi. good morning, terrell. as the white house continue to fail at coming to a conclusion on the budget, this fiscal cliff is not waiting for the end of the year. it's affecting america today. well, even santa claus is upset. santa claus showed up on capitol hill wednesday, urging congress and the white house to strike a deal to avoid the looming fiscal cliff before christmas. >> it's discouraging that our elected leadership in congress can't come together to get the job done for the american people. >> reporter: both sides say it's putting a damper on the holidays. >> i think it's going to be extremely difficult to get it done before christmas. ? . >> in anticipation, there is no agreement. congressional leaders told lawmakers not to make holiday travel plans. >> we're going to stay here right up until christmas eve, throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. >> president obama and hou
CBS
Dec 28, 2012 4:00am EST
. washington, d.c., partly sunny, 42. atlanta, partly sunny, 54. st. louis, cloudy, 38, denver, mostly cloudy, 33, seattle, mostly cloudy, 44 degrees. >>> here's another look at this morning's top stories. general schwarzkopf died at his home yesterday in tampa. he drove iraqi forces out of kuwait. he died from complications related to pneumonia. he was 78 years old. >>> and president obama meeting with congressional liters this afternoon at the white house to try to cut a deal to avoid the so-called fiscal cliff. in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere. >> reporter: back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the
CBS
Dec 3, 2012 4:00am PST
. good morning. good to be with you. i'm terrell brown. negotiations continue today in washington to avoid the so-called fiscal cliff, but so far there's been more rhetoric than resolve. there's now less than a month to head off the automatic tax hikes and spending cuts that will kick in next year. john boehner said he can't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year wit
CBS
Dec 5, 2012 4:00am PST
$800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of americans are asking the wealthy to pay more. >> reporter: a "the washington post" poll say 53% of americans will blame republicans and 29% would hold the president responsible if the nation goes over the fiscal cliff. the two sides appear close to an agreement on little things. it could lead to higher airline ticket prices and no more mail delivery on saturday. >> oh, boy. susan mcginnis in washington this morning. susan, thank you so much. one of the tax breaks due to expire next m
CBS
Dec 12, 2012 4:00am PST
fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on higher individuals like you and me, barbara. we can afford it. >> reporter: earlier on tuesday the president and house speaker john boehner shared a phone call to discuss the latest
CBS
Dec 6, 2012 4:00am PST
in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not to return till tuesday. this as the impasse here on capitol hill continues and the nation waits. social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end of the year as part of the fiscal cliff. >> we don't want to see our public hurt in any way. >> just down the road in washington, d.c., the standoff continues. house speaker john boehner says he's still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> i'm going to need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk sp
CBS
Dec 24, 2012 4:00am PST
every school. tara mergener's in washington with more. tara, good morning. >> good morning, duarte. the nra says guns and police will help stop the next killer already waiting in the wings. it's a controversial idea in the middle of an already emotional and heated debate now raging across the country. hundreds of protesters march aid cross the brooklyn bridge asking for new gun control laws and there was a demonstration outside a gun shop. >> to allow these guns for no other purpose than to murder and slaughter innocent people and children is insane. >> reporter: fear of gun control laws has made the sale of guns this christmas. >> two weeks ago you could have bought one gun for, you know, $1,400. now it's $2,500, $2,700. >> debate over gun control is just as heated here on capitol hill. the nra, one of the most effective lobbying organizations in washington says, it will fight any new restrictions. >> what every mom and dad will make them feel better, when they drop their kid off at school in january is if we have a police officer in that school. >> the reaction to that plan is mixed a
CBS
Dec 10, 2012 4:00am PST
. susan mcginnis is in washington with the latest. hi, susan. good morning to you. >> hi. many on capitol hill are encouraged by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president heading out on the road again. president obama leaves d.c. today, headed to michigan to talk to auto workers, part of his strategy to generate public support for his plan to avoid the fiscal cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like medicare. >> you know, they started their tango now, and any time you start a tango, you have to get it done. >> more republicans are accepting the idea that wealthy americans will get a tax raise hike. >> there are a group of folks looking at this realizing we don't have a lot of cards before year end. >> but o
CBS
Dec 31, 2012 4:00am PST
reporting now from washington. >> lawmakers are still working on it. >> i want everyo one to know i' willing to get this done but i need dance partner. >> the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now, but republicans doan want to see new revenues, in other words, democrat tax increases, beused for new spending. >> the president has said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the midd
CBS
Dec 17, 2012 4:00am PST
ready to take action. susan mcginnis is in washington with more. susan, good morning to you. >> hi. good morning, terrell. the president said the nation is failing to keep its children safe, and he promised to use the power of his office to prevent future tragedies, saying we can't accept events like these as routine. >> these tragedies must end. and to end them, we must change. >> reporter: the president never mentioned any specific steps he is willing to take, but his speech in newtown, connecticut, signaling he may be willing to tackle the issue of gun control. >> no single law, no set of laws can eliminate evil from the world or prevent every senseless act of violence in our society, but that can't be an excuse for an action. >> reporter: some congressional democrats say friday's event made the time right to review the assault weapons ban that expired in 2004. >> when the public is left upset, when developments happen one after another, the public will not accept as a new normal one of these incidents every month, these mass shootings. >> reporter: but passing gun control legislation
CBS
Dec 19, 2012 4:00am PST
washington this morning with more. good morning, tara. >> good morning to you. >>> well, the state department released unclassified portions of the report last night. investigators offered harsh criticism of the state department but did not single out any individual u.s. individuals for blame. the review board was headed up by retired ambassador thomas pickering and former chairman of the joints chief of staff, admiral mike mullen. they'll discuss their findings with lawmakers today. the panel blamed systematic failures and leadership and management deficiency in two bureaus of the state department for security measures at the benghazi compound that were described as inadequate. the report concluded that while there were no specific threats of a terrorist plot, there were several incidents leading up to the september 11th attack that should have served as warning signs. investigators also praised the diplomatic security agents who responded to the attack and absolved the pentagon for any blame, saying there was not enough time for military assets to have made a difference. the boar
CBS
Dec 31, 2012 4:00am EST
>>> deadline day. a wide-ranging deal to avoid the fiscal cliff remains illusive and washington leaders have only hours to reach an agreement. >>> secretary of state hillary clinton is in a new york city hospital this morning being treated for a blood clot related to her concussion earlier this month. >>> and feats of bravery on a frozen lake. a half dozen people fall through a sheet of life while trying to save a man from freezing cold water. captioning funded by cbs >>> this is the "cbs morning news" for monday december 31st 2012. good morning, everybody, on this new year's eve. good to be with you. i'm terrell brown. secretary of state hillary clinton is being treated for a blood clot. doctors found it following a concussion. marlie hall is at presbyterian hospital this morning. good morning. >> reporter: good morning, terrell. mrs. clinton will spend the morning at the hospital as doctors keep her under close watch. they say she'll be under observation for 48 hours. as you mentioned, a blood clot was mentioned after she came in for a routine exam. it was a follow-up actually
CBS
Dec 24, 2012 4:00am EST
gun control laws. there were demonstrations outside a gun shop in a washington, d.c., suburb. >> to allow these guns for no other purpose than to murder and slautder innocent people and children is insane. >> it's made it one of the hottest selling items of this christmas. >> two weeks ago you could have bought one gun for, you know, $1,400. now it's $2500, $2,700. >> the debate is just as heated here on capitol hill. the nra says it will fight any new restrictions. >> what every mom and dad will make them feel better, when they drop their kid off at school in january is if we have a police officer in that school. >> the reaction to that plan is mixed among parents we spoke with. >> i think any effort to protect our children is with it. >> no, no, we do not want people with guns in our school. >> senator dianne feinstein plans to present a bill banning assault weapons when they reconvene. there was a ban in place from 1994 until 2004. >> it hasn't worked. dianne feinstein had her ban and columbine occurred. >> others point out there was also an armed guard at columbine. now, rather
CBS
Dec 11, 2012 4:00am PST
yesterday, president obama said the law was politically driven. susan mcginnis is in washington with details. good morning to you. >> reporter: good morning. yeah, the governor now says he wants the economic boost that the law would bring, the jobs and the companies that would locate there, but many disagree. workers say it's going to push down their pay and benefits and weaken unions. police stand shoulder to shoulder preparing for as many as 10,000 protesters at the michigan state capitol today. >> people have a constitutional right to demonstrate. however, all we ask is that they do it in an orderly, lawful, and civil manner. >> reporter: state legislators vote this morning on a right-to-work bill that would weaken unions. opponents acknowledge they're powerless to stop it. >> at the end of the day they'll be passed and signed by the governor. that doesn't make it right. >> reporter: the bill means michigan workers would no longer have to pay the union fees for negotiating contracts and other services. >> if i'm being provided a service by a particular organization, i don't c
CBS
Dec 20, 2012 4:00am PST
president obama to make a difficult decision. tara mergener is in washington. tara, good morning to you. >> good morning, terrell. well, speaker boehner has expressed confidence his plan b will pass the house. it would extend current tax rates for americans making less than a million dollars a year. if that happens, boehner says the president will have a choice to make. >> he can call on senate democrats to pass that bill, or he can be responsible for the largest tax increase in american history. >> speaker boehner's plan is the latest swipe in the duel over the fiscal cliff. he wants the white house to come up with a proposal that includes more spending reductions, but as an earlier news conference, the president said his latest offer provides enough cuts. >> what i said is that in order to arrive at a compromise, i am prepared to do some very tough things, some things that some democrats don't want to see. >> president obama's plan provides $850 billion in spending cuts over ten years while raising $1.3 trillion in revenue. mostly by raising taxes on incomes over $400,000 a year. >> a
CBS
Dec 21, 2012 4:00am PST
foreseeable future. i'm david bernard, cbs news, miami. >>> to the fiscal storm now in washington that's gone from bad to worse. the fiscal cliff negotiations were dealt another setback when a political gamble by speaker john boehner blew up in his face. last night boehner was forced to scrap a plan to raise taxes on the wealthiest americans when members of his own party turned it down. after the vote was canceled, republican house members left the meeting where they were told to go home for the holiday. the white house says it will continue to bargain, but the dramatic turn of events leaves boehner's leadership in doubt and the budget negotiations up in the air. danielle nottingham with more now from washington. >> reporter: lawmakers were set to plan on house speaker boehner's plan b, but the motion was scrapped when the voting fell short. the speaker designed the bill to prevent automatic tax hikes on people making less than $1 million a year. boehner says it's up to senate democrats and the president to make the next move. >> i did my part. they've done nothing. >> reporter: i
CBS
Dec 7, 2012 4:00am PST
telling what he might do. >> susan mcginnis in washington on a friday morning. thank you so much. in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to hire taxes for the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before dece
Search Results 0 to 29 of about 30 (some duplicates have been removed)